ING Groep NV Has $524,000 Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

ING Groep NV maintained its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,999 shares of the semiconductor company’s stock at the end of the second quarter. ING Groep NV’s holdings in Taiwan Semiconductor Manufacturing were worth $524,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Park National Corp OH raised its stake in Taiwan Semiconductor Manufacturing by 0.3% in the second quarter. Park National Corp OH now owns 6,575 shares of the semiconductor company’s stock worth $230,000 after buying an additional 18 shares during the last quarter. Mitchell Capital Management Co. raised its stake in Taiwan Semiconductor Manufacturing by 0.7% in the first quarter. Mitchell Capital Management Co. now owns 7,946 shares of the semiconductor company’s stock worth $261,000 after buying an additional 56 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Taiwan Semiconductor Manufacturing by 0.8% in the first quarter. Quadrant Capital Group LLC now owns 7,830 shares of the semiconductor company’s stock worth $253,000 after buying an additional 63 shares during the last quarter. Wealthsource Partners LLC raised its stake in Taiwan Semiconductor Manufacturing by 1.2% in the first quarter. Wealthsource Partners LLC now owns 8,641 shares of the semiconductor company’s stock worth $284,000 after buying an additional 101 shares during the last quarter. Finally, Cypress Wealth Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 1.0% in the first quarter. Cypress Wealth Advisors LLC now owns 16,166 shares of the semiconductor company’s stock worth $531,000 after buying an additional 163 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded up 0.67% during mid-day trading on Friday, hitting $36.03. The stock had a trading volume of 4,071,429 shares. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $27.91 and a 1-year high of $36.92. The company has a 50-day moving average price of $35.75 and a 200 day moving average price of $33.55. The company has a market cap of $186.85 billion, a P/E ratio of 16.34 and a beta of 0.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $213.86 billion for the quarter, compared to the consensus estimate of $214.25 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.65% and a net margin of 36.11%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.80 earnings per share. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current fiscal year.

The company also recently declared an annual dividend, which was paid on Thursday, July 20th. Stockholders of record on Wednesday, June 28th were given a dividend of $0.927 per share. This represents a dividend yield of 3.25%. This is a boost from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. The ex-dividend date was Monday, June 26th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 42.59%.

A number of analysts have recently issued reports on TSM shares. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Thursday, June 15th. Rosenblatt Securities set a $27.00 target price on Taiwan Semiconductor Manufacturing and gave the company a “buy” rating in a report on Saturday, April 15th. BidaskClub lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. HSBC Holdings plc lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Credit Suisse Group lowered Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Hold” and a consensus target price of $31.67.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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